QQQ Macro + Technical for QQQ

Macro supports the bullish continuation case ($600–$630), unless $568 breaks & macro data worsens

1. Fed pivoting dovish, disinflation holding, AI-driven earnings resilience & strong liquidity
   
2. High valuations, crowded positioning & possible macro shocks (yields spiking, geopolitics)
   

The $568 neckline & $583 breakout line up with the macro inflection

• Fed easing cycle starting is bullish fuel if neckline holds
  
• Any surprise inflation/yield spike results in a neckline break, correction to $550
  

Next 2–3 Weeks
1.Bullish Breakout $583 to $600–$616 (50%)

• Supported by Fed pivot + earnings resilience
  

2. Bearish Breakdown $568 to $550–$537 (35%)

• Triggered by yields/inflation surprise or positioning unwind
  

3. Chop/Range ($568–$583) (15%)

• Market waiting on Fed September decision
  

Macro + techs both say trend up until proven otherwise

• $568 = line in the sand, if it breaks, macro headwinds (yields, inflation) must be the culprit
  
• $583 breakout would be macro + technical alignment = high conviction run to $600+